Tidal Investments Adds $27M in Bank of America Corporation ($BAC)

Tidal Investments has significantly increased its stake in Bank of America Corporation (NYSE: BAC), according to its latest 13F filing with the SEC. The firm added 473,639 shares, a 58.1% increase, bringing its total holdings to 1,288,184 shares valued at approximately $72.16 million as of the reporting period ending March 31, 2026.

What Changed in Tidal Investments' Bank of America Position

Tidal Investments boosted its holdings in Bank of America by adding 473,639 shares, marking a 58.1% increase from its previous total of 814,545 shares. This move brings its total position to 1,288,184 shares, valued at around $72.16 million, reflecting a strong vote of confidence in the financial giant.

Other Institutional Activity in Bank of America

In the same period, BlackRock, Inc. trimmed its position by 3,217,508 shares, ending with 539,258,516 shares worth approximately $26.29 billion. Berkshire Hathaway Inc. also reduced its holdings by 3,671,769 shares to 513,624,165 shares valued at $25.04 billion. Meanwhile, Vanguard Capital Management LLC maintained its position with 409,704,665 shares valued at nearly $19.97 billion. State Street Corp cut its shares by 4,590,520 to end with 301,309,309 shares, worth about $14.38 billion. FMR LLC decreased its stake by 16,296,846 shares, finishing with 198,484,617 shares valued at approximately $9.68 billion.

Bank of America Stock Snapshot

Shares of Bank of America (NYSE: BAC) are trading near $56.02. The company has a market capitalization of about $397.55 billion and a P/E ratio of 13.9. Its forward P/E stands at 11.1, and the stock has a beta of 1.196. Over the past 52 weeks, the stock has ranged from $44.06 to $57.55, with a 50-day moving average of $52.37 and a 200-day moving average of $52.11.

Recent Earnings

Bank of America reported revenue of $109.59 billion, reflecting a growth rate of 8.1%. The company achieved an EPS of $4.03, with a net margin of 28.96% and a return on equity of 10.64%. The next earnings report is expected on July 14, 2026.

Dividend

The company pays an annual dividend rate of $1.12, yielding 2.0%. The dividend payout ratio is 27.3%.

Insider Buying and Selling at Bank of America Corporation

On May 15, 2026, CEO Brian Moynihan made multiple transactions, including a purchase of 18,083 shares and a sale at an average price of $49.77. Chief Risk Officer Geoffrey Greener sold 126,756 shares at $53.01 on May 5, 2026. Additionally, insiders Maria Zuber and Michael White each bought 5,365 shares on May 4, 2026.

Analysts Set New Price Targets

On April 16, 2026, Piper Sandler maintained a 'hold' rating with a $59 price target. Oppenheimer, Evercore ISI Group, and Truist Securities maintained 'buy' ratings with targets of $61. RBC Capital reiterated its 'buy' rating with a $59 target. Keefe, Bruyette & Woods maintained a 'buy' rating and set a $64 target. JP Morgan maintained a 'buy' rating with a $57.5 target on April 7, 2026. The consensus is a 'strong buy' with a mean price target of $63.16 based on 22 analyst opinions.

About Bank of America

Bank of America Corporation, headquartered in Charlotte, NC, is a leading financial institution providing a wide range of services, including banking, investment management, and lending products. Led by CEO Brian Moynihan, the company operates through four main segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. Bank of America serves individuals, small and middle-market businesses, large corporations, and governments worldwide.

Bottom Line

Tidal Investments' substantial increase in Bank of America shares signals confidence in the company's prospects. Investors track these 13F filings to gauge institutional sentiment, though it's important to remember that these filings are backward-looking and may not reflect current positions.